Navigation Links
Report Ignores True Value of Chicago Hospitals
Date:4/10/2009

ts, which for many hospitals comprise over 50% of their business.
  • Using only an income approach to estimate property tax liability does not take into account that local assessors use a more robust and accurate analysis that results in a lower market value of properties than the income only approach. The Report estimates property tax for the study hospitals at about 2.2 percent of expenses. However, for hospitals in Cook County that currently are paying property taxes, their property tax is about 1% of their expenses.
  • The study disregards the Medicaid shortfall - the unreimbursed cost of providing Medicaid services - even though the report states: "To be sure, Non-profit hospitals provide many benefits to their communities. One such benefit is providing care to Medicaid beneficiaries." Moreover, the Internal Revenue Service has recently determined that Medicaid shortfall is a community benefit and should be so reported under the federal tax code. On average, Illinois hospitals are reimbursed less than the cost of treating Medicaid patients. For the study hospitals, this shortfall totals about $315 million.
  • Illinois hospitals also relieve the burden on government by caring for Medicare patients at less than cost. On average, Illinois hospitals are reimbursed only about 90 percent of the cost of treating Medicare patients.
  • The Report admits that at least 50% of hospital bad debt is provided to persons who likely would qualify for charity care. The reality is that most of a hospital's bad debt is provided to patients who are unable to pay. In most instances, if the patient would only cooperate with the hospital by providing necessary information, these accounts could be classified as charity care instead of bad debt. The bottom line is that bad debt represents care provided to members of the community for which the hospital is not paid.
  • Hospita
    '/>"/>

  • SOURCE Illinois Hospital Association
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10

    Related medicine news :

    1. Consumer Reports Survey Shows High Satisfaction for Physical Therapist Treatment of Back Pain
    2. CardioDynamics Reports First Quarter 2009 Results
    3. Declines in Foodborne Illness Have Plateaued, Report Says
    4. Streamline Health Solutions, Inc. Reports Fourth Quarter Results
    5. Hillenbrand Expects to Report Second-Quarter Net Revenue of $170.8 Million and Revises 2009 Guidance
    6. Mindray to Report First Quarter 2009 Financial Results on May 11, 2009
    7. Universal Capital Management Reports Top Delaware Surgeon to Join Advisory Board
    8. New Report Details How to Create a Public Health Insurance Option as Part of Nations Health Reforms
    9. BioInformatics, LLC New Report - Capitalizing on New Opportunities for Stem Cell Products
    10. In Wake of ICRC Report, Health Professionals Must Be Held Accountable for Torture
    11. New Report Defines Challenges for New Entrants in Key Rheumatology Markets
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:4/24/2015)... The first step to transforming one’s ... For meditation and yoga teacher Stine Koppernæs, meditation and ... tools that allow her to experience more peace and ... a teacher since 2006, and through the years she ... being. , “I love sharing this way of finding ...
    (Date:4/24/2015)... Carinsurancequotesinfo.com has released a new blog ... to qualify for auto insurance as a ... auto insurance online, without having to follow a special ... parents can reduce their auto insurance expenses. The tips ... explained. , Clients can now visit an insurance ...
    (Date:4/24/2015)... Integrative Therapeutics has introduced two new supplements ... , A unique combination of herbs and nutrients, ... Complex apart from other antioxidant supplements. This formula ... antioxidation versus the use of single or sequential ... Resveratrol, Alpha-Glycosyl Isoquercitrin, and Coenzyme Q10 with Setria® ...
    (Date:4/24/2015)... Orlando, Fla. (PRWEB) April 24, 2015 ... extraordinary healer” were among the ways Denise Weiner described ... Angeles, who cared for her daughter, Alexa, during her ... radiation, brain resections, a bone marrow transplant and numerous ... the house to visit Alexa when she was not ...
    (Date:4/24/2015)... 2015 Insuranceautoquote.info has released a new ... premiums . , Lowering auto insurance prices is ... simply find better offers for their financial budget. Comparing ... does not require any registration. , Comparing quotes ... are multiple agencies that sell coverage and this means ...
    Breaking Medicine News(10 mins):Health News:Auto Insurance Discounts for Single Parents - How to Qualify for Low Rates 2Health News:Integrative Therapeutics Introduces Two ProThrivers™ Wellness Supplements with Specialty Ingredients from Kyowa Hakko USA 2Health News:Integrative Therapeutics Introduces Two ProThrivers™ Wellness Supplements with Specialty Ingredients from Kyowa Hakko USA 3Health News:Integrative Therapeutics Introduces Two ProThrivers™ Wellness Supplements with Specialty Ingredients from Kyowa Hakko USA 4Health News:CURE™ Magazine Names Pediatric Nurse Laura Vasquez from Children’s Hospital Los Angeles As Extraordinary Healer™ of 2015 2Health News:CURE™ Magazine Names Pediatric Nurse Laura Vasquez from Children’s Hospital Los Angeles As Extraordinary Healer™ of 2015 3Health News:CURE™ Magazine Names Pediatric Nurse Laura Vasquez from Children’s Hospital Los Angeles As Extraordinary Healer™ of 2015 4Health News:Car Insurance Quotes Can Help Drivers Lower Their Premiums 2
    ... June 23, 2009 With millions of people in the ... and our Canadian neighbors doing likewise for their July 1 ... shows of the future likely to ignite a smile on ... is quietly making its way toward the sky. ...
    ... HIV/AIDS Atlas , , WASHINGTON, June 22 ... HIV/AIDS Atlas ( http://www.MapHIV.org ) that highlights the impact ... States. The Atlas makes information on HIV/AIDS prevalence ... time, painting a comprehensive picture of the varying intensity ...
    ... Quality Forum Launches First U.S. HIV/AIDS Atlas , , ... launched a groundbreaking HIV/AIDS Atlas ( http://www.MapHIV.org ... in communities across the United States. The Atlas makes ... for the first time, painting a comprehensive picture of the ...
    ... Economy! It,s the Perfect Time for Fitness! , , LOS ... or stair climber in the park or along the beach. Now ... putting the traditional fitness equipment on wheels, but with a unique ... Pumgo Fitness Scooter, a new concept of fitness, will be introduced ...
    ... Biomodels CRO expertise in $1 billion market for cancer ... , , WATERTOWN, Mass., June 22 Biomodels ... care, today announced that its customized research program allowed ... attain Food and Drug Administration (FDA) approval for Phase ...
    ... in the Bone Graft Market , , MOUNTAIN VIEW, ... bone graft market, Frost & Sullivan recognizes Bone Solutions, Inc. ... Technology Leadership of the Year for its development of OsteoCrete(TM). ... and tendons to bone and bone-to-bone. On May 21, ...
    Cached Medicine News:Health News:'Green' fireworks may brighten eco-friendly 4th of July displays in future 2Health News:MapHIV.org Shows Six Counties in Louisiana Seriously Impacted by AIDS 2Health News:MapHIV.org Shows Six Counties in Louisiana Seriously Impacted by AIDS 3Health News:MapHIV.org Shows California's San Francisco County Seriously Impacted by HIV 2Health News:MapHIV.org Shows California's San Francisco County Seriously Impacted by HIV 3Health News:Pumgo Fitness Scooter Will Highlight Venice Beach This Summer 2Health News:Biomodels' Oral Mucositis Expertise Speeds FDA Approval for ActoGeniX's Phase 1b Trial of AGO13 in Cancer Patients 2Health News:Frost & Sullivan Selects Bone Solutions for Technology Leadership of the Year Award 2Health News:Frost & Sullivan Selects Bone Solutions for Technology Leadership of the Year Award 3Health News:Frost & Sullivan Selects Bone Solutions for Technology Leadership of the Year Award 4
    (Date:4/24/2015)... 2015 Research and Markets ... of the "Lab Accessories Market by ... Station) & End User (OEM/Biotechnology & Pharmaceutical ... 2020" report to their offering. ... expected to reach $504.7 million by 2020 ...
    (Date:4/24/2015)... Company, Inc. (NYSE: LCI ) today announced that ... facility to $120 million from $50 million.  The amended ... company to increase borrowings by a total of up ... commitments from existing lenders or new lending institutions.  The ... 2018.   "The amended credit facility, together ...
    (Date:4/23/2015)... CHICAGO, Ill. , April 24, 2015  AbbVie ... Food and Drug Administration (FDA) has accepted its New ... company,s, all-oral, interferon-free, two direct-acting antiviral treatment of ombitasvir, ... for the treatment of adults with chronic genotype 4 ... regimen is the first all-oral, interferon-free therapy being evaluated ...
    Breaking Medicine Technology:Global Lab Accessories Market Report 2015-2020 - Label Printer/ Pipette tips/ Pumps/Microplate/Reagent Reservoir/Valve/Tubing/Wash Station 2Global Lab Accessories Market Report 2015-2020 - Label Printer/ Pipette tips/ Pumps/Microplate/Reagent Reservoir/Valve/Tubing/Wash Station 3Lannett Expands Revolving Credit Facility To $120 Million 2U.S. FDA Grants Priority Review to AbbVie for Investigational, All-Oral, Interferon-Free Therapy for the Treatment of Genotype 4 Chronic Hepatitis C 2U.S. FDA Grants Priority Review to AbbVie for Investigational, All-Oral, Interferon-Free Therapy for the Treatment of Genotype 4 Chronic Hepatitis C 3U.S. FDA Grants Priority Review to AbbVie for Investigational, All-Oral, Interferon-Free Therapy for the Treatment of Genotype 4 Chronic Hepatitis C 4U.S. FDA Grants Priority Review to AbbVie for Investigational, All-Oral, Interferon-Free Therapy for the Treatment of Genotype 4 Chronic Hepatitis C 5U.S. FDA Grants Priority Review to AbbVie for Investigational, All-Oral, Interferon-Free Therapy for the Treatment of Genotype 4 Chronic Hepatitis C 6U.S. FDA Grants Priority Review to AbbVie for Investigational, All-Oral, Interferon-Free Therapy for the Treatment of Genotype 4 Chronic Hepatitis C 7
    ... have proven that the management of diabetes in ... levels is the most effective way to reduce ... aimed at maintaining or improving a diabetes patients ... costly. , ,These have been the guiding ...
    ... about insulin dosages and other medication, about ... by data from blood glucose tests and ... that can be seen by you and ... is presented in organized and graphical formats. ...
    ... Green Photocoagulator - Portable and rugged solid-state ... clinic, and operating room. Built to high-duty ... the most demanding environments, the Novus Verdi ... A full line of accessories for private ...
    The ring maintains the bag tension avoiding the development of posterior capsule pleats. It is also established to compensate the efforts induced during the bag retraction....
    Medicine Products: